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Remember when Warren Buffett opened his wallet to reveal $400 in cash and an American Express card? The man, worth $89 billion, could’ve had his pick of any ultra-exclusive credit card, including the American Express Centurion Card (or better known as the Amex Black Card). Instead, he carried an old school, classic green Amex card — one that’s been in his possession since 1964.

What are the best credit cards for millionaires? Photo by Engin Akyurt from Pexels

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Editor’s Note: Some of the offers below may have expired or are no longer available on our site. 

While we all know Buffett is an anomaly, others in the mega-rich league may have more prestigious plastic in their wallets. It could be a posh, invite-only card that has no spending limit (Bank of Dubai First Royale Mastercard) or it could be a credit card loved by the masses (Chase Sapphire Reserve).

Cards that are favored by the rich are packed with perks and features to pamper them when they travel, eat at restaurants, and make purchases.

Millionaires Want Perks, Just Like the Rest of Us

The desire for a credit card that offers solid rewards, low fees, and great customer service span across all incomes, whether you make more than seven figures or not.

Many of these extras are focused on travel, including:

  • Airport lounge access
  • Partial credit for ticket purchases
  • Primary car rental insurance
  • Trip cancellation/interruption insurance
  • Credits for ride-sharing services
  • No foreign transaction fee

Ever wondered what millionaires carry in their wallets? Here’s a glimpse into the best credit cards for millionaires.

Pro Tip: Many of these cards carry incredible benefits and aren’t only available to the mega-wealthy. The good news is, if you see value in the benefits, have great credit, and are willing to fork over the annual fee (upwards of $450) you can get yourself one of these best travel credit cards too (with the exception of the invite-only cards).

The Platinum Card from American Express

  • Annual fee: $695 (See Rates & Fees)
  • Can you get this card? Yes.

Unlike some of the other cards on this list, The Platinum Card® from American Express is an elite card, but it’s not invite-only.

The Platinum Card is terrific for the wealthy who travel frequently, as it is the only card that has Global Lounge Collection, its proprietary lounge, with locations around the world.

Cardholders earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel, up to $500,000 on these purchases per calendar year, and earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel.

Cardholders can get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when paying with their Platinum Card®.

Also, get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.

Plus, American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.

Terms apply. Enrollment may be required.

Other Platinum Card from American Express Benefits

There’s also a new digital entertainment credit. Cardholders can get up to $20 in statement credits each month when you pay for eligible purchases with The Platinum Card® from American Express at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.

In addition to enjoying TSA PreCheck or Global Entry access, cardholders can also enjoy CLEAR perks. Cardholders can use their Card and get up to $179 back per year on their CLEAR® membership. Terms apply.

Another exciting new benefit is the ability for cardholders to enjoy up to $25 back each month on select Equinox memberships when you pay with your Platinum Card®. This amounts to up to $300 annually. Enrollment required. 

There is also a $155 Walmart+ credit to enjoy. This covers the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.

Get the full details and learn more in our in-depth The Platinum Card from American Express review.

The annual fee is $695 (See Rates & Fees) but can be offset with the perks, which are valued at over $1,400. 

Welcome Bonus Offer

New The Platinum Card® from American Express cardmembers can earn 100,000 Membership Rewards® Points after spending $6,000 on purchases on the Card in the first 6 months of Card Membership. Plus, new cardholders can choose new Platinum Card designs! Select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Terms apply.

Learn more: Johnny Jet Recommended Credit Cards   

JP Morgan Reserve Credit Card

  • Annual fee: $450
  • Can you get this card? No, it’s invite-only.

You may not have heard of the JP Morgan Reserve Credit Card from Chase. That’s because it’s only for customers who have at least $10 million in assets under management from J.P. Morgan Private Bank.

The card comes with prime benefits, including:

  • Up to $300 in credits for travel purchases each year
  • 3 points per $1 spent on travel and dining at restaurants
  • All other purchases get you 1 point per $1
  • 24/7 access to the Visa Infinite Concierge service
  • (unpublished benefit) United Club access

Bank of Dubai First Royale Mastercard

  • Annual fee: $2,000
  • Can you get this card? No, it’s invite-only.

Dubbed as the millionaire’s best friend, Bank of Dubai First Royale Mastercard is another ultra-elite, invite-only credit card that reportedly includes cardholders that are from royal families of Dubai and Saudi Arabia.

It’s considered to be one of the most exclusive cards in the world, with only 200 or so cardholders who actually have one. The fee alone is reportedly $2,000 a year.

While there aren’t any specified benefits listed on their site, the general understanding is that cardholders have privileges that have no limitations.

Some jaw-dropping perks include:

  • No spending limits and a guaranteed approval of all charges.
  • A dedicated relationship and lifestyle manager that is on beck and call 24 hours a day. This person can arrange everything from dinner reservations to booking a private jet.

American Express Centurion Card

  • One-time fee of $7,500
  • Annual fee: $2,500 (See Rates & Fees)
  • Can you get this card? No, it’s invite-only.

Nothing says “I’m part of the exclusive” more than the American Express Centurion Card, also known as the Amex Black Card.

In order to even qualify for this card, it’s been said that you need to have spent at least $100,000 a year in purchases or more in the previous year. There is also no preset spending limit, which means you can buy that private plane you’ve always wanted.

Here are some perks that cardholders can enjoy:

  • A dedicated concierge
  • A personal travel agent
  • Complimentary travel tickets for companions
  • Free nights at select hotels
  • Access to numerous airport clubs

You Don’t Have to Be a Millionaire

Most of us will never need to worry about carrying a swanky, invite-only card in the near future. However, we can still make use of credit cards that come with solid bonus rewards and perks that afford us a little extra luxury and comfort. You can always start out with one of the best travel credit cards for beginners and work your way up the credit card ladder.

For rates and fees of The Platinum Card® from American Express, please click here.

For more information on the Centurion® Card from American Express, please click here.


Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 03/31/22.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.

The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

2 Comments On "What Are The Best Credit Cards For Millionaires?"
  1. Boraxo|

    You missed a key unpublished feature of the JPM card which is a free United Club membership

    1. Johnny Jet Editorial|

      Thanks for catching!

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